Dramatic changes in mortgage rates which have declined significantly due to the coronavirus pandemic can encourage homeowners to consider refinancing their mortgage, despite this scenario, it is worth evaluating if refinancing is the best deal for you!
Mortgage rates continue to fall for the fourth week in a row due to the Fed’s holding its interest rate steady on Wednesday’s FOMC meeting.
The Federal Reserve has finally raised its interest rate. The impact on savings accounts won't be huge, at least for now. However, with the December increase, the fed funds rate - which has been circling zero for the last six years - went up a quarter percent. Though this is a baby step, bigger changes could come in 2016 if the Fed continues to raise rates. So here's what millennial savers and borrowers should know and more improtantly, what to do about it.
Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels.
Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan increased to 4.29 percent from 4.22 percent last [...]